{"id":1491,"date":"2017-04-11T14:39:03","date_gmt":"2017-04-11T09:09:03","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1491"},"modified":"2017-04-11T14:39:03","modified_gmt":"2017-04-11T09:09:03","slug":"taking-up-new-office-spaces-mumbai-ranks-second-in-india","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/taking-up-new-office-spaces-mumbai-ranks-second-in-india\/","title":{"rendered":"Taking up new office spaces: Mumbai ranks second in India"},"content":{"rendered":"<p>Mumbai accounted for 18 per cent of office space absorption \u2014 the second highest in the country\u2014 in the first quarter of 2017, said a report from real estate consultancy CBRE.<\/p>\n<p>While this was on a par with Bengaluru, the National Capital Region (NCR) ranked first, accounting for 19 per cent of all transactions.<\/p>\n<p>According to the report, January to March this year was one of the strongest quarters observed in the recent years for the office market, with close to 8 million square feet of space taken up across key cities.<\/p>\n<p>In line with the recent trend, this absorption was mostly from small and medium-sized deals, but the share of large transactions also rose. Bengaluru, Hyderabad, Mumbai and Chennai dominated the large-sized deal closures, said the report, mostly from information technology, banking, financial services, insurance, and engineering and manufacturing sectors.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/indianexpress.com\/article\/cities\/mumbai\/taking-up-new-office-spaces-mumbai-ranks-second-in-india-4604385\/\" target=\"_blank\">The Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai accounted for 18 per cent of office space absorption \u2014 the second highest in the country\u2014 in the first quarter of 2017, said a report from real estate consultancy CBRE. While this was on a par with Bengaluru, the National Capital Region (NCR) ranked first, accounting for 19 per cent of all transactions. According\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/taking-up-new-office-spaces-mumbai-ranks-second-in-india\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,10,3],"tags":[157,104],"class_list":["post-1491","post","type-post","status-publish","format-standard","hentry","category-city","category-delhi","category-mumbai","tag-cre-report","tag-office-space"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1491"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1491\/revisions"}],"predecessor-version":[{"id":1492,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1491\/revisions\/1492"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}